National Republican., 1887-07-22
ON THE ADVANCE,
Tie stook Market Quito Dull, but
Prices are Firm.


NEW YORK, July 2l.-The effect OF the
announcement of the true status OF the Bal
timore and Ohio deal was not such as has
been expected, though the feeling OF eX-
ptctancy is not yet allayed, as the argument
is used that another syndicate will prob
ally step into the place OF the one which
he's been negotiating, az the great property
is still in the market. Upon the failure OF
the negotiations the bears sold the market
but no stocks came out, and there was
plenty Ct support at the figures. The char
acter OF the trading underwent no change,
and the operations outside OF the purchases
and sales by the traders amounted to little
or nothing, though the clique buying early
in the day was quite noticeable. The gem
eral feeling was more pronounced on the
bull side and points to buy were freely cir.
culated during the day,in response to which
the market steadily gained strength, with
free covering OF shorts.
There was very week opening, de-
clines fiom yesterdays inal figures rang
ing up TO II per. cent in Western Union.
But the weakness was short.lived, prices
advancing Immediately, and by the end OF
the first half hour the opening Losses had
generally been recovered. The animation
displayed In the early dealings then disap
pcared, and dulness again reigned, while
although the general tone o. the rulings re-
moined ilrm--there was no progress OF
importance made until the last hour, when
more decided strength was shown, and the
close, though quiet, was strong at the best
figures reached. Almost the entire list Ia
higher this evening, though advances are
confined to fractions.
Money on call has been easy, ranging from
| 4 to 81, last loan at 4, and closing offered at
3. Sterling exchange is quiet, unchanged.
| Actual business at dS22 to 4S3 for
| G0-day bills, and 4S4 10 dS4i for de-
mOnd. Posted rates 1881 to 1851. Gov.
eminent bonds. dull. rather heavy. State
bonds neglected.
Treasury balances-Coin, S13I,97l, ,s33;
currency, $l2,63l, 1875.
The following were the closing bid quo
tations:
p. i2 ~ u sSSp GSsp lG ta Pa0 ~ s'GT soa SS i Is
| La. Cons. s5I6: Mo. 6s Of 's7, 100; N. G. Con
Gs, i2iN; do is 96IS; Tenn. settlement 6s, saioi
9, Gjj iS; fssnn. settlement s, y; Cen. pee
firsts, i14lS Denv, aud R. O. nrsts, g; NJ. X
and It, dj Northern Pac. nrsts, ll5B, do
SSnds ssnd o@ @ st IT, sas ssn SoPs Frs gH
Paul con-, 1909 81. l. Chicago, aud Pac ttst1,
no; southern Pac. frsts, M; I. P. r. g. and
q, ,73H; ,unon pac fIrsts. ilih; West Shore
Line pfd, %; B. @. and r. n. 45;. Canada
Chez and Ohio, e; c%; Chicago and aud Alton, 10
do; pfdY IlSiT: g; D. and e. ld3A; Cleye' ss
lOI1S; bel and L.. 1922; DENY. and r. e., 25!T
Erie 3l2s; DO pfi:, Gj!a; Fort Wayne i5iH
1881; Kans and 1exns, 2s; L. j. and W., 2olS
Lake Shore, 9tSs; Lyl; and !s Nash. C2sli
Met T., 16l:. Mich. Cen, s6i4 Mo. P,c.
io3; Mob. and O., IL Mar and Z; %lSl
N. Chat, S0N: N. j. Cen, rs; Norfolk ani
Western pld., i6119; Northern Pec., 3iA; do, ptd
G9Sf; Northwestern, NJ; DO. ,pid;,s ~; )
pid., 82]4; Ohio and Miss, ,2Il4; do pfd,,, IS
Oregon, Nav 07; Pac; Mali, ls4; Pitts
Alcg,,. 21S; Richmond and Dan, $50; Roc'
Isld, l2s;St, l.. and San. Fran, SSll do. pfl.
7694; do. first pfd., III; st. Paul, S6l1; do pid,
ig2; S. p, and O., GOjz; do pid li2%: Texa
Pac. So; Union Pacr., 56i4; U; s; X; 80; Wa6
West Union, 765E; Tenn. Coal aud Iron, 57l2
Cotton Oil Trust, 81; Quicksilver, G; do
| EAsked.